content tagged with interest rate cut

The Monetary Policy Committee of the Central Bank has reduced the policy rate from 15 percent to 14 percent. Following the policy rate cut, Turkish Lira has crashed to a new low and the USD exchange rate has hit 15.61 TRY.

Central Bank has reduced the policy rate (one-week repo auction rate) from 8.75 to 8.25 percent. “While uncertainties on global economic recovery remain high, normalization steps taken by several countries are being watched,” the Bank has said.

Central Bank has reduced the policy rate (one-week repo auction rate) from 9.75 to 8.75 percent. Referring to the spread of the coronavirus, the bank has indicated that it continues to take expansionary measures in this context.

Central Bank has reduced the policy rate (one-week repo auction rate) from 10.75 to 9.75 percent: “The pandemic disease is closely monitored for its evolving global impact on capital flows, financial conditions, international trade and commodity prices."

Central Bank has reduced the policy rate (one-week repo auction rate) from 11.25 percent to 10.75 percent, which marks the sixth interest rate cut in a row since July 2019.

The Monetary Policy Committee of the Central Bank has cut the policy rate by 250 basis points, thereby lowering it from its former level of 16.50 percent to 14 percent.